Force India receives £50 million for 2013

21 November 2012 – Force India has received a bonus of 50 million pounds ahead of the 2013 Formula 1 campaign, Team Principal and Managing Director Vijay Mallya announced on Wednesday. Although the squad has missed out on a podium finish this year, the Indian entrepreneur stresses that the Silverstone squad still has ‘every reason to feel proud’.

“We had a board meeting in India after the Abu Dhabi Grand Prix and the board has approved a 50 million-pound capital investment programme for the team,” Mallya said proudly. “We are going to invest heavily in new technology and give more tools to our design team to try and move further up the grid.

“Looking back at the season so far, we have every reason to feel proud. We’ve scored more points than in any previous season and every year we’ve demonstrated that we’ve gone up the ladder; and we’ve taken fairly significant steps - not just baby steps. Given the tools that we have, which are mostly of the Jordan era, we have done exceptionally well.”

Admitting that Force India, which aimed for fifth overall this year, is now unlikely to catch Sauber for sixth in the Constructors Championship, Mallya concluded by wishing the best to Nico Hülkenberg. The German will switch to the Swiss outfit next year:

“Nico has been one of the stars this season. He’s delivered exactly what we expected of him and brought a lot to this team. He has a big future in F1 and we wish him well.”

Social Media

Check out our community:

About us

GPUpdate.net, the daily motorsport news website which is celebrating over a decade of the latest in Formula 1, publicly dates back to 1998.
Founded as F1Racing.net, the online magazine is part of JHED Media BV, a registered company operating out of The Netherlands.